So I've been touting the merits of taking whatever loan you can get if you need a car and your credit score is awkward, especially if hit with a first-time buyer penalty on one's auto-enhanced score.
In my case, 19.35% APR opened in December 2011 with WFDS; just re-financed to 5.99% with DCU.... this is way beyond my wildest hopes, I was near fantasizing about a single-digit APR in the 9-9.99% range. If I can do it starting with an auto-enhanced pull of 551, most folks can.
The pain of a subprime horror of an auto loan doesn't last forever.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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Your new rate is "drool-worthy" Good Job and Congrats!
Starting Score: 08/29/2011 TU 671 EQ 674Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!
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DCU = Digital Credit Union (Digital Federal CU technically).
WH: Yeah I'm still in something of shocked disbelief, I keep checking the online interface. I'm also pretty stunned at their good payment policy where I can continue to drop my APR over time: in theory I can be down to 4.5% with 18 months of on-time payments. While I am expecting to pay it down fairly quickly to make room for a mortgage next year, I'm still tickled pink 
.
Thanks all for the support, this forum has been a fantastic resource.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
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